December 2, 2019
Trion Properties expanded its Bay Area portfolio with the acquisition of The Meadows, an 84-unit multifamily community located in Newark, CA for $27.5 million. The seller was Calvin Lok.
The Meadows features a mixture of one, two and three-bedroom units, all with private patios or balconies and walk-in closets. The property, built in 1966 at 35750 Bettencourt St., will undergo extensive renovations and a rebranding.
Trion Properties’ Farhan Mahmood says, “This acquisition is an opportunity to implement our proven value-add renovation strategies to modernize the community and bring rents up to market. We will leverage our experience in the East Bay and current portfolio, including multifamily properties in Fremont, San Leandro, and Hayward, to optimize the asset’s appeal and efficiencies.”
For comments, questions or concerns, please contact Dennis Kaiser